But you can't talk South Africa, without talking beer. It's home to SABMiller, the world's third-biggest brewer which acquired the American powerhouse Miller eight years ago and has more than doubled in value since.
How can you put your money behind South Africa's diamonds, banks and beers? We asked Dawie Roodt Executive Chairman and Chief Economist at Efficient Group which is located in South Africa.
Is South Africa essentially a global growth story?
That used to be the case, saysRoodt. But South Africa today is much more. About a year and a half ago Britain’s Barclay’s bank bought one of our biggest banks. Also I’m seeing investment in our retailers. We’re not just a mining country anymore.
What’s your driving force?
The driving force in the economy is exceptional demand. It comes from within. We’ve got an explosion in construction.
How safe is South Africa?
Safety is one of our most serious problems. Crime and AIDS are the two most serious issues. But we are doing what we can, and we know we have to get it under control quickly, because the 2010 World Cup will be held here.
Dylan Ratigan asks the panel if iShares MSCI South Africa Index (EZA) is worth a look?
The traders agree that it’s worth investigating, but seem to suggest there are other investments that they’d prefer over this one.